2024 Used Car Values – Prices for wholesale used vehicles are the lowest they’ve been since 2021, but aren’t yet in line with pre-pandemic norms . From December 2023 to January 2024, new car prices fell by 0.04%, according to the Consumer Price Index. “While new cars are back, they’re still very expensive, and for a lot of people, used cars are .
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2024 Used Car Values Used Cars in 2024: What You Should Know before You Buy: and lessening the supply of used cars on the market. After reaching peak highs, prices have calmed down a bit but are still higher than pre-pandemic. As of February 2024, the average used car is . It was good news, bad news for the retail used-car market in January. Supply softened on both a year-over-year and sequential basis, but so did prices. Used-car demand fell over 7% from January 2023, .
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